AdvertisementSenate Votes to Begin Debate on Tax Overhaul Image Senator Ron Johnson of Wisconsin has been unhappy with how the tax plan treats so-called pass-through businesses. The push by Senate Republicans to pass an ambitious tax overhaul now enters a critical and politically delicate phase. Among the biggest potential changes would involve nudging the corporate tax rate from the proposed 20 percent rate to 22 percent. The Senate’s debate on the tax overhaul is limited to 20 hours, to be followed by a marathon series of amendment votes known as a vote-a-rama. And Mr. Lankford cited the trigger provision as he voiced support for the tax overhaul on Wednesday.

Source: New York Times November 29, 2017 22:54 UTC